Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)

Event Study on Lifting Ban of Restricted Shares in Chinese Stock Markets

Authors
Zhikun ZHANG
Corresponding Author
Zhikun ZHANG
Available Online 20 December 2019.
DOI
https://doi.org/10.2991/aebmr.k.191217.148How to use a DOI?
Keywords
Event Study, Restricted Shares, Chinese Stock Market
Abstract

The long-term accumulation of the ban on the sale of restricted shares in China’s stock market is extremely large and concentrated in the short-term. The pressure on the restrictions on the sale of restricted shares has long existed and has a huge impact on the market. By the method of event study, this paper conducts an empirical investigation from the existence of market reaction and the degree of market reaction. The results suggest that the pressure formed by the release of the restricted shares has accumulated a negative impact on the entire stock market and passed the restrictions on the stocks. The impact of shareholder and investor investment intentions impacts related stocks. At the same time, relevant suggestions were provided to reduce the impact of the lifting of the restricted shares.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
20 December 2019
ISBN
978-94-6252-866-6
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.191217.148How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Zhikun ZHANG
PY  - 2019
DA  - 2019/12/20
TI  - Event Study on Lifting Ban of Restricted Shares in Chinese Stock Markets
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 861
EP  - 867
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.148
DO  - https://doi.org/10.2991/aebmr.k.191217.148
ID  - ZHANG2019
ER  -